Econometric Analysis and Policy Suggestions on the Influencing Factors of Vegetable Industry Development in Maoming

Vegetables are one of the most important foods in people's daily lives. It plays an important role in improving people's living standards, resettling rural labor, increasing farmers' income, and increasing foreign exchange. In order to promote the development of Maoming's vegetable industry, this paper uses econometric methods to carry out a quantitative analysis of the influencing factors of Maoming's vegetable industry development. In this paper, Maoming's vegetable operating income is used as the explained variable and several influencing factors are used as the explanatory variables to establish a multiple linear regression model. The data from 1998 to 2012 were used for regression, and the model was tested for economic significance, statistical test, multicollinearity test, heteroscedasticity test, and autocorrelation test. The regression results show that: Maoming's vegetable operating income has a positive correlation with rural households' per capita net income, per capita cargo transportation volume, and per capita retail sales of consumer goods. Therefore, in order to promote the development of Maoming's vegetable industry, we should vigorously increase farmers' income, increase consumption, and increase the volume of goods transported.